Dairy Alternative Market is forecasted to grow at 9.1% for 2019 to 2026 with factors such as fluctuation in the cost of the raw materials and high cost of the dairy alternative products hampering the market growth.
Dairy alternative market has shown a significant adoption rate and preferences from the Asia- Pacific. Increasing urbanization, rising health & fitness awareness and increasing demand for nutritional products among consumer is expected to further the adoption and demand rate for dairy alternatives.
According to Data Bridge Market Research the dairy alternative market in developing regions is witnessing a growth in terms of its adoption rate, due to some factors such as increasing preference for vegan diet and increasing awareness about the advantages offered by the plant- based dairy alternatives. There is also increase in the cases of milk allergies and lactose intolerance which is also expected to enhance the market growth. On the other hand, growing popularity of almond milk and increasing demand for simple unsweetened dairy alternatives will also affect the dairy alternative market in the forecast period of 2019 to 2026.
Now the question is which are the regions that dairy alternative market players should target? Data Bridge Market Research has forecasted market leaders to target Asia-Pacific’s developing regions to help them in attaining better volume of revenue generation.
Dairy alternative market is becoming more competitive every year with soy milk sector currently being the largest market product for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the dairy alternative market.
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Wyler Farms along with Innovopro announced the launch of their new non- dairy product in October 2019. The CP-Pro 70 chickpea protein concentrate from Innovopro is part of a new range of dairy-alternative drink products to be introduced in Israel by Wyler Farms. This launch will help the company to meet the demand of the customer in Israel market and strengthen their market position.
Wessanen announced that they have acquired dairy alternative products manufacturer Abbot Kinney’s. This acquisition will help the company to enhance their product portfolio and will also strengthen their market position by meeting the needs and requirement of the customers.
The global dairy alternative market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Denmark, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, Rest of Asia Pacific, Saudi Arabia, U.A.E, Kuwait, Oman, Qatar, South Africa, Rest of Middle East and Africa
All country based analysis of the dairy alternative market is further analysed based on maximum granularity into further segmentation. Global dairy alternatives market is segmented into seven notable segments which are product type, type, formulation, application, nutritive, distribution channel, brands. On the basis of product type, the market is segmented into almond milk, soy milk, coconut milk, rice milk, oat milk, cashew milk and others. On the basis of type, the market is segmented into organic and inorganic. On the basis of formulation, the market is segmented into plain & sweetened, plain & unsweetened, flavored & sweetened, flavored & unsweetened and others. On the basis of application, market is segmented into food, and beverages. On the basis of nutritive component, the market is segmented into protein, starch, vitamins, and others. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialized store, online, and others.
Dairy alternatives are those products which are produced from plants based products such as soy, cashew, almond, pes and other. These products are very advantageous as they are sugar free, gluten free, lactose free, and also cholesterol free. Large numbers of population are adopting these dairy alternatives because they have the ability to reduce the risk associated with the obesity, diabetes, heart disease, and other.
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Key Pointers Covered in the Dairy Alternative Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of dairy alternative companies, contact us https://www.databridgemarketresearch.com/reports/global-dairy-alternative-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Dairy Alternative Market - Industry Trends and Forecast to 2026
North America Dairy Alternative Market- Industry Trends and Forecast to 2026
Europe Dairy Alternative Market- Industry Trends and Forecast to 2026
Asia-Pacific Dairy Alternative Market– Industry Trends and Forecast to 2026
Middle East and Africa Dairy Alternative Market– Industry Trends and Forecast to 2026